Pennsylvania Hospital of the University of Pennsylvania Health System
Nonprofit profile at a glance
- EIN
- 311538725
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Philadelphia, PA, USA
- Phone
- 2158297723
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Hospital, General
Reported finances
- Revenue
- $930,519,232
- Expenses
- $941,688,335
- Assets
- $881,644,134
- Liabilities
- $122,454,550
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- THERESA M LARIVEE (BOARD MEMBER, CEO)
- ALICIA GRESHAM (CEO, BOARD MEMBER)
- DANIEL WILSON (FORMER CEO)
Highest reported compensation
- KEVIN B MAHONEY (EX-OFFICIO MEMBER): $3,329,164 total reported compensation
- KEITH KASPER (EX-OFFICIO, CONT. - UNTIL 7/24): $3,000,310 total reported compensation
- MICHELLE M VOLPE (EX-OFFICIO MEM, COO): $1,494,474 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provision of charitable healthcare services
What it reported doing in 2024
See schedule o
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 69
- Accountability: 71
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.4%; rating input score 91
- Program expense ratio: 90.9%; rating input score 91
- Fundraising efficiency: $2.71 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.2%; rating input score 21; 21st percentile among comparable filings
- Total-asset coverage ratio: 0.94; rating input score 37; 37th percentile among comparable filings
- Liabilities to assets ratio: 0.14; rating input score 77; 77th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 84; 84th percentile among comparable filings
Growth
- Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
- Revenue growth: 4.2% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: 3.4% per year; rating input score 100; 23rd percentile among comparable filings
Details
- Where the money goes: 91.4% of revenue deployed · 90.9% of spending went to programs
- Governance: 5 of 10 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $855.9M in reported program spending
- Leadership: top reported pay $3.3M · 21 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $26M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 10 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 10 filed money-flow records
- Related organizations: 86 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- High — Financial Efficiency: Fundraising efficiency scored 9/100.
- High — Sustainability: Operating margin scored 21/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 37/100.